As of June 13, Mark Machin will replace Mark Wiseman as president and CEO of the Canada Pension Plan Investment Board.
Since 2012, Machin has led the pension plan’s investment activities abroad as senior managing director and head of international at the CPPIB. Prior to joining CPPIB, he had a 20-year career at Goldman Sachs, where he was most recently based in Beijing.
As The Globe and Mail reports, Machin will become the first foreign-born head of CPPIB. He recently told The Globe he knew very little about Canada’s pension plan when he joined four years ago, but that CPPIB’s “prominence in the world has dramatically increased in the last few years.”
He also said “the CPPIB will stay the course with the strategy the executive team has developed” and that the plan’s biggest challenge will be to find “good long-term investment opportunities.” Read more.
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